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Suppose you have an investment worth $400 and you want it to increase in value by 400% a) What is the desired future value of

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Suppose you have an investment worth $400 and you want it to increase in value by 400% a) What is the desired future value of the investment? For full marks your answer(s) should be rounded to the nearest dollar. FV = $ 0.00 b) How long will it take the investment to reach the desired future value, if it earns 5.50% compounded annually? Your answer should be rounded up to the nearest month. Time = 0 years 0 months

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